Russia
Business , Exploration & Production
Russia’s Lukoil Swings into Q3 Profit, Boosts Oil Output in Iraq
Lukoil has faced a pandemic fallout as well as a weaker rouble, which has inflated its debt.
Earnings , Exploration & Production , Technology
Wintershall Dea Looks beyond Pandemic, Costs to Fall, Volumes to Rise
German oil and gas company Wintershall Dea said Nov. 23 the low commodity prices caused by the coronavirus crisis had hit its third-quarter results, but that sustainably lower operating costs and higher output would help long-term.
Legislation , International , Infrastructure , Pipelines
Sanctions on Russia’s Nord Stream Gas Pipeline Included in Annual US Defense Bill
The $11 billion Nord Stream 2, led by Russia's state energy company Gazprom, would double its existing pipeline capacity to take gas undersea to Europe via Germany.
Policy & Regulations
Russian Energy Minister Made Deputy PM in Cabinet Reshuffle
Novak will continue to oversee energy strategy.
Natural Gas , International
Russia: OPEC Should Cooperate on Natural Gas
Energy Minister Novak wants OPEC and gas cartel GECF to work together.
Crude Oil , Trade , International
Report: Russian Oil Bosses Debate Extending Production Cuts into 2021
OPEC and Russia imposed a record oil output cut in April to support prices as the COVID-19 pandemic shrank demand. They are considering further steps as the global number of coronavirus cases is rising sharply.
Crude Oil , Trade , International
Russia’s Putin: Rollover on Oil Output Curbs by OPEC+ Possible
The comments made by Russian President Vladimir Putin are the clearest signal yet from Russia, a global leader in oil production, that it is ready to continue with unprecedented output cuts in the face of a sluggish oil market.
International , Infrastructure , Construction , Pipelines
Kremlin: US Nord Stream 2 Sanctions ‘Unfriendly and Destructive’
Pompeo set to submit a report to Congress.
Crude Oil , Trade , International
Russia’s Energy Minister Says ‘Too Early’ to Discuss OPEC+ Plans Beyond 2020
A second government source said Russia, for now, would not disclose its plans on whether to continue with the current oil output cuts in order to prevent an overreaction in the market.
Discoveries
Gazprom Hits Natural Gas at Kara Sea Offshore Russia
The company said commercial gas inflow was obtained with a flow rate of about 600,000 cubic meters per day.